secwatch.observer — SEC 8-K summary
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Issuer:     Farmers & Merchants Bancshares, Inc. (FMFG)
CIK:        0001698022
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001437749-22-017445
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers and Merchants Bancshares names Gary Harris President, successor CEO; Bosley CEO until Dec 2022
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- James R. Bosley, Jr. elected CEO effective July 18, 2022, to serve until his retirement on Dec 31, 2022.
- Gary A. Harris elected President and will become CEO and President upon Bosley's retirement.
- Harris also elected to the Board as a Class II director until 2024 annual meeting.
- Harris entered into Change in Control Severance Agreement providing up to 2.99x base salary if terminated without cause within 12 months of a change in control.
- Bylaws amended to establish CEO position and conform officer roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/0001437749-22-017445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698022/000143774922017445/fmfg20220719_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017445

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer